Skip to content
LicBaba

LIC Surrender Value Calculator 2026

Calculate estimated cash payout values and financial losses before surrendering your LIC endowment policy. Compare GSV with SSV projections. Updated for 2026.

All LIC Plans CoveredBonus Rates Updated 2026PDF Report Download100% Free & IndependentVerified by Financial Experts
Calculate Surrender Payout
₹5,00,000
₹1,00,000₹50,00,000
5 Years
1 Years20 Years
₹25,000
₹2,000₹2,00,000
Surrender Payout Breakdown
Premiums Paid
₹1,25,000
Financial Loss
₹52,600
Estimated Surrender Payout
₹72,400

Combination of GSV Premiums (₹62,500) + GSV Bonuses (₹9,900).

⚠️ Loss warning: You are losing approx. 42% of your total invested premiums by surrendering.
⚖️ Surrender vs Continue to Maturity

See how your surrender value grows over the years compared to holding the policy to full maturity.

Surrender vs continue comparison table
Completed YearProjected Surrender PayoutMaturity Benefit (If term ends)
Year 5₹72,400-
Year 6₹88,200-
Year 7₹1,04,440-
Year 8₹1,25,296-
Year 9₹1,47,636-
Year 10₹1,71,900-
Year 11₹1,97,736-
Year 12₹2,25,408-
Year 13₹2,57,946-
Year 14₹2,93,216-
Year 15₹3,35,100-
Year 16₹3,76,480-
Year 17₹4,24,490-
Year 18₹4,72,860-
Year 19₹5,57,080-
Year 20₹6,04,000₹9,40,000
Want a better life cover than traditional LIC policies?

Traditional plans offer 5-6% returns with low life cover. Compare pure Term Insurance plans starting from just ₹440/month for a ₹1 Crore cover.

Compare Term Plans
💡
How much will I get back if I surrender a 5 Lakh LIC policy after 5 years?

For a ₹5 Lakh Sum Assured policy with an annual premium of ₹25,000 paid for 5 years (Total: ₹1,25,000), the estimated surrender value payout is ₹82,850. You will lose approximately ₹42,150 (34% of your total invested premiums) as a surrender penalty.

Understanding LIC Surrender Penalties & Rules

Surrendering a life insurance policy prematurly is one of the most expensive financial actions you can take. LIC imposes high charges because traditional policies are designed as long-term savings contracts. If you close the policy early, the acquisition costs (agent commissions, policy setup charges, administrative fees) are deducted from your premiums.

Before surrendering, check if a **policy loan** (which allows you to borrow up to 90% of the surrender value while keeping the policy active) or conversion to a **paid-up policy** (which stops future premium payments but keeps a reduced coverage active to maturity) serves your needs better. If you want to check your original maturity payout, use our LIC Maturity Calculator.

एलआईसी सरेंडर वैल्यू कैलकुलेटर — LIC Surrender Value in Hindi

हिं
एलआईसी सरेंडर वैल्यू कैलकुलेटर — LIC Surrender Value in Hindi

एलआईसी पॉलिसी सरेंडर वैल्यू कैलकुलेटर (LIC Policy Surrender Value Calculator) 2026. अपने पॉलिसी को समय से पहले बंद करने पर मिलने वाली राशि की गणना करें।\n\nनियमों के अनुसार, सरेंडर वैल्यू प्राप्त करने के लिए कम से कम 2 साल का प्रीमियम भुगतान आवश्यक है। सरेंडर वैल्यू की गणना इस प्रकार होती है: (कुल जमा प्रीमियम × प्रीमियम फैक्टर) + (संचित बोनस × बोनस फैक्टर)। पॉलिसी को जल्दी सरेंडर करने पर जमा राशि का लगभग 30% से 50% तक का भारी आर्थिक नुकसान हो सकता है।

संबंधित खोज (Related Searches):

lic me surrender value calculator in hindilic selander value calculator hindilic policy surrender kaise kareinlic policy band karne ke niyam
Year-wise LIC Surrender Value Estimation (5 साल के बाद एलआईसी सरेंडर वैल्यू)
Policy Year (वर्ष)GSV Factor (अनुमानित)Remarks (टिप्पणी)
1 Year (1 साल)0%No surrender value / कोई पैसा नहीं मिलेगा
2 Years (2 साल)30%Minimum required / न्यूनतम सीमा
3 Years (3 साल)30%Heavy loss / भारी नुकसान
4 Years (4 साल)50%Partial recovery / आधा पैसा
5 Years (5 साल)50%Tax-free payout / टैक्स फ्री सरेंडर
6 - 7 Years50%-
8 - 10 Years~ 55% - 60%Varies by term / अवधि पर निर्भर

* Note: Estimated factors for a standard 20-year term endowment policy.

Frequently Asked Questions

1. Apna Sum Assured (Bima Rashi) daalein. 2. Policy ka term aur jitne saal premium bhara hai, wo select karein. 3. Apna saalana premium amount daalein. Calculator turant aapko Guaranteed Surrender Value (GSV) aur Special Surrender Value (SSV) bata dega.
Guaranteed Surrender Value (GSV) is the minimum amount guaranteed by LIC under the contract, calculated using standard premium and bonus factors. Special Surrender Value (SSV) is a discretionary value computed by LIC based on the paid-up value and historical asset performance. LIC pays whichever is higher at the time of surrender. Typically, SSV is significantly higher than GSV in later policy years.
For traditional LIC policies issued after 2020, premiums must be paid for a minimum of 2 full years to acquire surrender value. If you close the policy before completing 2 full years of payments, you will get zero returns and lose the entire premium paid.
GSV is calculated as: GSV = (Total Base Premiums Paid × GSV Premium Factor) + (Accrued Reversionary Bonuses × GSV Bonus Factor). Both factors are percentages that increase with the number of years the policy is active.
To surrender your policy, you must visit your home LIC branch with the following documents: (1) Original Policy Document (Bond paper), (2) Surrender Application Form 5074, (3) NEFT Mandate Form (for direct bank payout), (4) Cancelled Cheque, and (5) Self-attested identity proof (Aadhaar Card, PAN Card).
If you surrender your policy after completing 5 active years, the surrender payout is completely tax-free under Section 10(10D). However, if you surrender before completing 5 years, the amount received is taxable under your regular income tax slabs, and any Section 80C deductions claimed in past years will be reversed and taxed.
Making the policy "paid-up" is usually better than surrendering. In a paid-up policy, you stop paying future premiums but the policy continues until the maturity date with a reduced Sum Assured. You get the paid-up maturity value at the end of the term. Surrendering terminates the policy immediately and results in a severe immediate capital loss.
No, LIC does not permit online surrender requests for security and signature validation reasons. You must physically submit the original policy bond, Form 5074, and your cancelled cheque to the home branch where your policy was purchased.
No, the calculator provides a highly accurate estimate of the Guaranteed Surrender Value (GSV) based on standard tables. The final payout may be higher if LIC applies Special Surrender Value (SSV) factors based on current valuation yields.
You can use our LIC Surrender Value Calculator by entering your basic Sum Assured, policy term, years paid, and annual premium. The calculator uses the standard GSV factor tables published by LIC to estimate your guaranteed return.
The exact amount depends on your premium and GSV factor. Typically, for an endowment policy surrendered after 5 years, the GSV factor is around 50%. This means you will get back roughly 50% of the total base premiums paid, plus a small portion of the accrued bonuses.
एलआईसी पॉलिसी सरेंडर करने के लिए आपको अपनी होम ब्रांच (जहाँ से पॉलिसी ली थी) में जाना होगा। आपको ओरिजिनल पॉलिसी बांड, सरेंडर फॉर्म 5074, एक कैंसल्ड चेक, और आधार/पैन कार्ड की कॉपी जमा करनी होगी। यह प्रक्रिया ऑनलाइन नहीं की जा सकती है।
दस्तावेज जमा करने के बाद, आमतौर पर एलआईसी सरेंडर वैल्यू की राशि आपके बैंक खाते में 7 से 10 कार्य दिवसों (working days) के भीतर NEFT के माध्यम से आ जाती है।